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Monday, September 07, 2009

 

Exporters turning to Asian markets

 
By Darwin G. Amojelar, Senior Reporter
 
EXPORTERS are shifting their focus to Asian markets as the US, Japan and Europe took a hit from the global financial crisis, an official of the Philippine Exporters Confederation (Philexport) said.“With recession hitting three of our top markets—US, Japan and Europe—we shifted marketing promotions to fast-growing Asia, particularly India and China,” Aniano Bagabaldo, Philexport executive vice president told participants of the Federal Express (FedEx) Junior Achievement International Trade Challenge Conference and Competition.

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O T H E R   R E P O R T S

 

A YEAR AFTER LEHMAN COLLAPSE

WASHINGTON, D.C.: A year ago, the financial system appeared to be on the brink of a meltdown and the future of American-style capitalism in doubt.

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A YEAR AFTER LEHMAN COLLAPSE

WASHINGTON, D.C.: Following are key developments in the US financial crisis unleashed September 2008:

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PHILIPPINE shares will consolidate within a tight range in the coming week while investors look to the upcoming release of economic data for possible directions for the market, dealers said on Friday.

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VIENNA: Major oil exporters will hold the flow steady at Wednesday’s Organization of the Petroleum Exporting Countries (OPEC) meeting but will crack down on those breaching agreed cuts, as energy demand remains weak despite signs of economic recovery, analysts say.

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The government will generate higher tax collections from income and other profits next year despite a slow economic recovery, the Bureau of Internal Revenue (BIR) said.

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THE passenger unit of Aboitiz Transport System Corp. (ATS) plans to purchase new vessels in preparation for the economic rebound, its executive said, as the owners announced they would hold onto the Philippines’ biggest ferry operator.

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HELSINKI: Faced with increased competition from up-and-coming rivals, Finnish telecom giant Nokia plans to launch a slew of new products this year but analysts say it faces a tough battle to hold on to its position as the world’s number one mobile phone manufacturer.

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STUDENTS from the Lyceum of the Philippines University bagged top prizes in the country’s first international trade challenge for student entrepreneurs.

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SEOUL: The world’s top two makers of flat-panel televisions are stressing the energy-saving virtues of different display technologies in their race to dominate a huge global market.

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THE Securities and Exchange Commission (SEC) has spared state-run Home Development Mutual Fund (Pag-IBIG Fund) from having to register its planned multibillion-peso borrowing.

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MAYNILAD Water Services Inc. claims that an extension of its contract to operate state-run Metropolitan Waterworks and Sewerage System’s (MWSS) west zone concession would generate hundreds of thousands of jobs each year.

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BEYOND THE BUZZWORDS
By Reylito A.H. Elbo

DO you want to know what’s wrong with some people managers? I’ll tell you right away. Too many of us are blinded by our proximity to our problems.

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